Company
Munich Re
Location
Munich , Germany

Corporate Underwriting’s Legal & Distribution Team ensures compliance with legal requirements in underwriting and quality of contract wordings in (re-)insurance transactions through guidelines (General Underwriting Guidelines and Line-of-Business specific Guidelines, Work Instructions and Alerts) and trainings, assists underwriting units with individual legal advice on underwriting specific topics (e.g. reputational risks, reinsurance and insurance law, insolvency law, compliance-related topics like Financial Sanctions or Data Protection law) and drives the development of tools to support an efficient wording analysis process. The team also assures quality of and advises in respect of transactions involving the delegation of (underwriting or other) authority to external parties and is also responsible for assessing reputational risks that could be associated with business activities.

It will be your job to define how Munich Re’s underwriting standards correctly translate into contract language, be it in corporate directives or through individual consulting to business units. You are part of various quality-assuring processes (e.g. large deal, ex-gratia, reputational risk, UW reviews). Your responsibilities will also include content support for the development and support of underwriting relevant IT tools (Wording Universe incl.Clause Library, MRef, GDD, Contract Repository and AI assisted wording tools).

We are looking for someone with strong legal skills who can maintain a fair balance between the demands of the operational business and the binding requirements that our business is subject to (legal, risk management, organizational). In addition to professional experience, the position requires particularly strong technical guidance skills, a willingness to take on responsibility, and a high degree of decisiveness. These skills are an essential prerequisite for filling this responsible and demanding position.

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In order to consider your application, we require your application to be submitted via our online applicant portal. In addition to uploading your CV, we recommend writing a cover letter to tell us more about why the position is of interest to you.

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As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.

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* Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.

Münchener Rückversicherungs-Gesellschaft David Brengelmann | HR Consultant